Michael F. Roman

Last updated

Michael F. Roman
Michael Roman, CEO of 3M (49651820963) (cropped).jpg
Born1959or1960(age 64–65) [1]
NationalityAmerican
Alma mater
OccupationChairman of 3M
Employer3M
Board member of

Michael F. Roman is an American executive who was the Chief Executive Officer (CEO) of 3M. Prior to being named CEO in 2018, was chief strategy officer and chief operating officer, among other positions since joining the company in 1988. Roman also is on the board of trustees of the University of Minnesota Foundation. He is a member of the President's Export Council. [2]

Contents

Early life and education

Roman was born to an insurance salesman and a hospice worker. He was raised in Stevens Point, Wisconsin as the oldest of five siblings. [3]

Roman attended the University of Wisconsin–Stevens Point during 1978–1980 and played on the Pointers football team. [4] [5] He received his bachelor's degree from the University of Minnesota's Department of Electrical and Computer Engineering in 1982, followed by a master's degree in electrical engineering from the University of Southern California in 1987. [6] [7]

Career

Early in his career, Roman worked for the Hughes Aircraft Company. He has been employed by 3M for more than 30 years, joining as a senior design engineer in 1988. [1] [8] Since then, Roman has held a variety of positions, working for the company in the United States, Europe, and Asia. [1] He oversaw operations in Europe, the Middle East, and Africa while living in Brussels. He also led 3M Korea and was chief strategy officer (CSO) for approximately ten years. [1] [3] Roman led the industrial business group, 3M's largest division at the time, during 2014–2017. He became chief operating officer (COO) and executive vice president on July 1, 2017; during his tenure, he managed international operations as well as 3M's five business divisions. [6] [9] Roman began as chief executive officer (CEO) in July 2018, [1] [7] and became chairman in mid-2019. [3] He earned $12.9 million and $18.3 million in 2018 and 2019, respectively. [10]

Roman ranked number 45 in Glassdoor's 2019 list of the top 100 "most popular" CEOs of large companies, [11] [12] earning a 95 percent rating. [13] In 2020, he and U.S. President Donald Trump publicly disagreed over 3M's handling of face mask distribution during the COVID-19 pandemic. [14] [15] Roman received an Eisenhower Award from Business Executives for National Security in 2020. [16]

In addition to being chairman of 3M's board of directors, Roman currently is treasurer on the University of Minnesota Foundation's board of trustees. [6] [17] He is also a member of the Minnesota Business Partnership (MBP). [18] In mid-2020, he was among approximately 80 MBP members who signed a letter to legislators encouraging them "to adopt policing reforms that address police misconduct and increase accountability and transparency", [19] derived from recommendations made by the State of Minnesota Working Group on Police-Involved Deadly Force Encounters. [20] [21]

Roman spoke at a graduation ceremony at the University of Wisconsin–Stevens Point in 2018. [4] [8] He has been a long-term supporter of Big Brothers Big Sisters of America. [4]

In 2024 Roman retired and chose William Brown as his successor, effective May 1, 2024. [22]

See also

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References

  1. 1 2 3 4 5 Crosby, Jackie (July 1, 2018). "Mike Roman ready to continue momentum at 3M as he takes over as CEO". Star Tribune . OCLC   43369847 . Retrieved July 14, 2020.
  2. ↑ "President's Export Council Members". International Trade Administration. 2024. Retrieved March 8, 2024.
  3. 1 2 3 DePass, Dee (August 31, 2019). "3M CEO seeing 'baptism by fire' with trade war, slowing economy". Star Tribune. Retrieved September 24, 2020.
  4. 1 2 3 "Alumnus CEO of 3M to address UW-Stevens Point graduates". University of Wisconsin–Stevens Point . Retrieved July 14, 2020.
  5. ↑ "Notable Alumni of UW-Stevens Point". University of Wisconsin–Stevens Point. Retrieved September 24, 2020.
  6. 1 2 3 "Alumnus Michael Roman Appointed CEO of 3M". University of Minnesota College of Science and Engineering. March 8, 2018. Retrieved July 8, 2020.
  7. 1 2 "3M chooses Michael Roman to replace Inge Thulin as chief executive". St. Paul Pioneer Press . Digital First Media. Associated Press. March 5, 2018. ISSN   0892-1083. OCLC   48259426 . Retrieved July 14, 2020.
  8. 1 2 "Alumnus CEO of 3M key speaker at UW-Stevens Point graduation". Wausau Pilot & Review. December 10, 2018. Retrieved July 14, 2020.
  9. ↑ "3M appoints Michael Roman as CEO; Inge Thulin will take new position as executive chairman of the board". CNBC. March 5, 2018. Retrieved August 25, 2020.
  10. ↑ "Brief: 3M Co Says Michael Roman's FY 2019 Total Compensation Was $18.3 Mln vs $12.9 Mln In FY 2018 – SEC Filing". Reuters. March 25, 2020. Retrieved September 24, 2020.
  11. ↑ "Business People: Securian Financial adds Debertin and Simermeyer to board". St. Paul Pioneer Press. July 21, 2019. Retrieved September 24, 2020.
  12. ↑ Niepow, Dan (June 25, 2019). "Four Minnesota Execs Land On Top CEOs List". Twin Cities Business Magazine. Retrieved September 24, 2020.
  13. ↑ McDowell, Erin (July 17, 2019). "The 45 most beloved CEOs in America, according to employees". Business Insider . Axel Springer SE . Retrieved September 24, 2020.
  14. ↑ Pietsch, Bryan (April 3, 2020). "'Nothing could be further from the truth': Mask-maker CEO fires back after Trump accuses company of not doing all it could to get masks to US healthcare workers". Business Insider. Retrieved September 24, 2020.
  15. ↑ Breuninger, Kevin (April 26, 2020). "Trump and 3M strike deal to bring 166.5 million masks to US in three months to help coronavirus response". CNBC. Retrieved September 24, 2020.
  16. ↑ "Business leaders honor ASU President Michael Crow with 2020 Eisenhower Award". Arizona State University. October 8, 2020. Retrieved November 12, 2020.
  17. ↑ "Board of Trustees". University of Minnesota Foundation. Retrieved July 14, 2020.
  18. ↑ "Members". Minnesota Business Partnership. Retrieved September 24, 2020.
  19. ↑ Halter, Nick (June 10, 2020). "More than 80 Minnesota business leaders call for police reforms". Minneapolis/St. Paul Business Journal. American City Business Journals . Retrieved September 24, 2020.
  20. ↑ Niepow, Dan (June 10, 2020). "Top Business Group Demands Police Reforms". Twin Cities Business Magazine. Retrieved September 24, 2020.
  21. ↑ "Minnesota Business Partnership urges lawmakers to adopt policing reforms that address police misconduct and increase accountability and transparency" (PDF). Minnesota Business Partnership. Retrieved September 24, 2020.
  22. ↑ "3M Announces New Leadership Appointments". March 12, 2024. Retrieved March 12, 2024.
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